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Mar 27
National CineMedia Q1 2025 Earnings Report
Reported results for fiscal first quarter 2025
Key Takeaways
National CineMedia reported total revenue of $34.9 million for Q1 2025, a decrease of 6.7% year-over-year. The company's operating loss increased to $23.9 million, and Adjusted OIBDA was negative $9.0 million. Despite a challenging advertising market, results were in line with guidance, and the company highlighted a new long-term agreement with AMC Theaters as a positive development.
Total revenue for Q1 2025 was $34.9 million, a 6.7% decrease compared to Q1 2024.
Operating loss for Q1 2025 increased to $23.9 million from $22.7 million in Q1 2024.
Adjusted OIBDA was negative $9.0 million in Q1 2025, compared to negative $5.7 million in Q1 2024.
A new long-term agreement with AMC Theaters was signed, extending the partnership through 2042 and improving financial outlook.
National CineMedia
National CineMedia
National CineMedia Revenue by Segment
Revenue by Segment
National Advertising Revenue
CapyFin.comLocal and Regional Advertising Revenue
CapyFin.com Forward Guidance
For the second quarter of 2025, NCM LLC expects total revenue to be between $56.0 million and $61.0 million, and Adjusted OIBDA in the range of $2.5 million to $7.5 million.
Positive Outlook
- Expected increase in total revenue for Q2 2025 compared to Q1 2025.
- Anticipated positive Adjusted OIBDA in Q2 2025.
- Robust slate of films expected throughout the remainder of the year.
- Continued momentum executing on growth strategy.
- New long-term agreement with AMC Theatres extending partnership through 2042.
Challenges Ahead
- First quarter reflected seasonal softness.
- Near-term advertising market pressures.
- Adjusted OIBDA guidance range indicates potential for lower than previous year's performance.
- Reliance on film slate performance for revenue growth.
- Guidance is for NCM LLC, not necessarily NCM, Inc. consolidated results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income